NeoWhiteRabbit

NeoWhiteRabbit

The CL is reaching the top of broadening formation that it's been forming since about March 2021. By continuing very much higher, it will break out of this pattern and might have a target around 110 (being ~160% of its most recent leg -- that's the academic target for this type of formation). That being said, it's possible that it will reverse in this area and...

NeoWhiteRabbit

This chart illustrates the differences between the linear Fibonacci retracement levels that are generated by the TradingView tool and the Fibonacci retracement levels generated logarithmically (in orange). For example, retracing 61.8% from the high is computed using the following: e^(((ln(high) - ln(low)) * (1-phi)) + ln(low)) The two blue lines are computed...

NeoWhiteRabbit

DOGEUSD appears to be reaching the end of the bearish impulse wave that started at DOGEUSD's ATH (~8 May 2021; red wave on the chart). So far, we've seen three intermediate bearish impulse waves within this larger wave, the third of which we're presently forming the final leg, and two correction waves (all yellow on the chart). Among the shorter cycle that's...